The recent Senate Tax Bill introduces significant changes to the tax code, aiming to provide relief to middle-class families ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and ...

the old income tax regime might remain unchanged. Currently, the new tax regime offers a basic exemption threshold of Rs 3 lakh. There are expectations that this threshold could be raised to Rs 5 ...

Examples of itemized deductions include medical expenses, mortgage interest, and charitable donations. Distributions from health savings accounts (HSAs) are only exempt from income tax if they are ...